Mt St Pipier
03-25-2008, 01:12 PM
Taking from the Gatehouse thread, it seems likely GSL won't go forward without some more sales at Claybrook. Is there anything we can do to help move those last remaining units? I know Sugarbush is limited in what they can say about occupancy rates, as they are not an investment advisor. Is there anywhere to post to ask owners what their own experience has been?
I've been thinking about taking down a unit and rent it out in order to get the 'perks'. My spreadsheets indicate it's certainly a money loser in the early years. As Win has said, the property taxes are brutal, but I'm not holding my breath for those to go down. The fees are very high too, which makes sense considering you've got a lot of staff, heated pools, etc. I'd be interested to see what the existing owners think of the membership at the Health Club. Probably not cheap, and hardly used. If so, a discounted daily fee arrangement would make more sense.
Anyway, if the annual loss is something that I can view as a cost to get valet parking for the wife, ski and boot storage for the kids, etc, maybe it's worth my while. Kind of like joining a members club (which I would certainly do if one was built). But I have no way to get comfortable that my assumptions are valid. Perhaps if there was an information exchange by owners who rent out their units, it would help people like me pull the trigger, which helps Win start the next phase, which helps free up some space at CastleRock pub, which means I get to drink more beer. :mrgreen:
I've been thinking about taking down a unit and rent it out in order to get the 'perks'. My spreadsheets indicate it's certainly a money loser in the early years. As Win has said, the property taxes are brutal, but I'm not holding my breath for those to go down. The fees are very high too, which makes sense considering you've got a lot of staff, heated pools, etc. I'd be interested to see what the existing owners think of the membership at the Health Club. Probably not cheap, and hardly used. If so, a discounted daily fee arrangement would make more sense.
Anyway, if the annual loss is something that I can view as a cost to get valet parking for the wife, ski and boot storage for the kids, etc, maybe it's worth my while. Kind of like joining a members club (which I would certainly do if one was built). But I have no way to get comfortable that my assumptions are valid. Perhaps if there was an information exchange by owners who rent out their units, it would help people like me pull the trigger, which helps Win start the next phase, which helps free up some space at CastleRock pub, which means I get to drink more beer. :mrgreen: